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Peters and Co 19th Annual Energy Conference – Marquee Energy Ltd.

Marquee Energy Ltd. · Sep 17, 2015 · 21 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Peters and Co 19th Annual Energy Conference – Marquee Energy Ltd. – slide 1
    Marquee Energy Ltd. Peters & Co. 19th Annual Energy Conference September 2015 TSX-V: MQL OTCQX: MQLXF www.marquee-energy.com 1
  2. Peters and Co 19th Annual Energy Conference – Marquee Energy Ltd. – slide 2
    MARQUEE SNAPSHOT CORPORATE (MQL.V) (MQLXF) OPERATIONS Shares Outstanding (mm) 120.3 5,118 Production (Q2 2015 Average) (boe/d) (49% oil & NGLs) Insider Ownership (basic/fully diluted) 14.5%/18.5% Corporate Decline 22% Market Cap…
  3. Peters and Co 19th Annual Energy Conference – Marquee Energy Ltd. – slide 3
    CORPORATE STRATEGY MAINTAIN a strong, flexible balance sheet. FOCUS on sustainable growth and manageable declines. DELIVER solid, repeatable results. SEEK additional reductions in capital and operating costs. CONCENTRATE on…
  4. Peters and Co 19th Annual Energy Conference – Marquee Energy Ltd. – slide 4
    RECIPE FOR JUNIOR E&P SUCCESS CONSOLIDATED land position ACCESS to infrastructure & takeaway capacity AFFORDABLE well costs STRONG drilling results DEEP prospect inventory CONTROL the pace OPTIMIZED cost structure 5
  5. Peters and Co 19th Annual Energy Conference – Marquee Energy Ltd. – slide 5
    ASSET BASE OVERVIEW Alberta Saskatchewan Michichi 85% of total production Current Production = 4,600 boe/d 290+ horizontal oil-focused drilling locations identified(1) 270 net undeveloped sections of land Edmonton Ownership…
  6. Peters and Co 19th Annual Energy Conference – Marquee Energy Ltd. – slide 6
    MICHICHI GEOLOGICAL MODEL MIDDLE BANFF DETRITAL BANFF SAND API () 30-36 30-36 30-36 Pay (m) 2-10 3-8 3-8 Perm (md) 0.1-30 100-300 10-100 Porosity (%) 4-9 15-25 10-24 DPIIP (sec) 6-12 1-3 RF (%)* 10 15 15 Depth (m) 1200-1300…
  7. Peters and Co 19th Annual Energy Conference – Marquee Energy Ltd. – slide 7
    THE MICHICHI ADVANTAGE Extensive Oil Potential 10 million barrels of oil in place per section 6-11-33-18 W4 combined for Banff and Detrital zones in 14 MMscf/day MQL focus area Waterflood upside MQL 14-15-32-17W4 IP 90 (C) 300…
  8. Peters and Co 19th Annual Energy Conference – Marquee Energy Ltd. – slide 8
    EXPANSION OF LIGHT OIL MICHICHI FAIRWAY Highlights of August 13, 2015 Acquisition: SUBCROP EDGE Addition of 42 dual-zone well locations and 21 net sections of land with Banff rights Operation and control of an additional gas plant…
  9. Peters and Co 19th Annual Energy Conference – Marquee Energy Ltd. – slide 9
    CORE AREA FOCUS P R O D U C T I O N AT M I C H I C H I H A S INCREASED B Y 350% SINCE 2013 MQL Production by Area 2015E MQL Production by Area 2014 MQL Production by Area 2013 MICHICHI MICHICHI 83.2% MICHICHI 72.4%…
  10. Peters and Co 19th Annual Energy Conference – Marquee Energy Ltd. – slide 10
    MICHICHI WELL PERFORMANCE 250 Michichi at a Glance Calendar Day Rate, BOE/D 200 Light Oil 32- 34 150 Oil & Liquids Weighting 65% 100 Capital (C) 2.0 - 2.3MM (Drill, Complete Equip, Tie-in) 50 Expected IP30 Rate (186 BOE/D)…
  11. Peters and Co 19th Annual Energy Conference – Marquee Energy Ltd. – slide 11
    MICHICHI WELL ECONOMICS 1 2.0 MM capital and constant dollar pricing used for all cases 2 12 Realized Canadian price includes 8% WTI/Cdn Light Differential and MQL 6.75 quality / transportation offset
  12. Peters and Co 19th Annual Energy Conference – Marquee Energy Ltd. – slide 12
    MICHICHI REDUCTIONS IN CAPITAL COST STRUCTURE Drilling Cost Per Meter Advancements to Marquees drilling design and operations process have successfully decreased 2,500.00 drilling costs over time. 2,000.00 Cost/Meter 1,500.00…
  13. Peters and Co 19th Annual Energy Conference – Marquee Energy Ltd. – slide 13
    MQL COST STRUCTURE AND POTENTIAL ASSET VALUE Historical Performance Potential Asset Value (PAV) Cost Structure and Production Growth Peer Comparison (1)(2) 30% 36.00 45.0 Peer Companies Marquee 20% 32.00 44.0 10% BOE/d per…
  14. Peters and Co 19th Annual Energy Conference – Marquee Energy Ltd. – slide 14
    MARQUEE HIGHLIGHTS WHY INVEST R R R R R R Continuous Solid Top-quartile Large land 100% owned Strong balance base and improvements production well infrastructure sheet drilling in cost performance economics structure…
  15. Peters and Co 19th Annual Energy Conference – Marquee Energy Ltd. – slide 15
    RECENT ACHIEVEMENTS AND NEAR TERM CATALYSTS 2014 Achievements: 2015 Catalysts: R Improved consistency and magnitude of well results: positive Summer drilling program: (4 HZ Michichi wells) to add adjustment to type curve and…
  16. Peters and Co 19th Annual Energy Conference – Marquee Energy Ltd. – slide 16
    MQL HEDGES AS OF AUGUST 14, 2015 Term Hedge Type Counterparty Volume Pricing July 1, 2015 to September 30, 2015 WCS Differential to WTI National Bank 300 bbls/d US -13.50/bbl July 1, 2015 to December 31, 2015 WTI fixed price…
  17. Peters and Co 19th Annual Energy Conference – Marquee Energy Ltd. – slide 17
    RECENT PRODUCTION AND NETBACKS Q2-14 Q3-14 Q4-14 2014 Q1-15 Q2-15 Average Production 5,035 5,143 5,209 4,858 5,536 5,118 BOE/D Liquid Content 43% 42% 46% 44% 50% 49% 55.93 49.97 44.56 52.00 31.35 34.53 /BOE Sales Price 7.31 6.54…
  18. Peters and Co 19th Annual Energy Conference – Marquee Energy Ltd. – slide 18
    RESERVES GROWTH Marquee Reserves Growth 25,000 Proved Producing Total Proved Total Proved plus Probable 20,000 15,000 MBOE 10,000 5,000 0 2011 2012 2013 2014 Apr-15 Reserves Category Light Oil Heavy Oil Gas NGL Total…
  19. Peters and Co 19th Annual Energy Conference – Marquee Energy Ltd. – slide 19
    CONTINUOUS IMPROVEMENT REDUCING OP LOWERING IMPROVING Y/Y RESERVES COSTS G&A F&D COSTS GROWTH 2013 Avg.= 22.55/boe 2013 Avg. = 6.15/BOE 2013 Avg. = 24.60/boe 2011 PDP = 1,999 MBOE 2014 Avg.= 18.70/boe 2014 Avg. = 3.70/BOE 2014…
  20. Peters and Co 19th Annual Energy Conference – Marquee Energy Ltd. – slide 20
    LLOYDMINSTER PERFORMANCE 2014 Lloydminster Well Results 100 Regional/Sparky 90 McLaren 80 HZ MQL 2014 Wells 70 * BOE/D 60 To be optimized + Well bore damage 50 40 30 20 10 0 + * * * Wells (Chronologically…
  21. Peters and Co 19th Annual Energy Conference – Marquee Energy Ltd. – slide 21
    MARQUEE HISTORY Closed PVR sale on Entered into a Closed property Received Acquired gas plant, Closed bought deal Lloyd property for reorganization and acquisition at shareholder approval gathering system Closed transaction to…

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